INTEST CORP. - Daily - Technical analysis published on 05/20/2024 (GMT)
- 178
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 10.00 USD
My targets
8.74 USD (-11.39%)
6.56 USD (-33.44%)
My analysis
INTEST CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.00 USD. The next support located at 8.74 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 6.56 USD. Below this support, sellers could then target 6.16 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
INTEST CORP. rating 9.86 USD. The price is lower by -0.20% since the last closing and was between 9.68 USD and 10.03 USD. This implies that the price is at +1.86% from its lowest and at -1.69% from its highest.9.68
10.03
9.86
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this INTEST CORP. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.50 | 6.16 | 9.86 | 9.90 | 11.97 | 13.75 |
| Change (%) | -64.50% | -37.53% | - | +0.41% | +21.40% | +39.45% |
| Change | -6.36 | -3.70 | - | +0.04 | +2.11 | +3.89 |
| Level | Intermediate | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.24 | 9.54 | 9.71 | 10.01 | 10.18 | 10.48 | 10.65 |
| Camarilla | 9.75 | 9.79 | 9.84 | 9.88 | 9.92 | 9.97 | 10.01 |
| Woodie | 9.18 | 9.51 | 9.65 | 9.98 | 10.12 | 10.45 | 10.59 |
| Fibonacci | 9.54 | 9.72 | 9.83 | 10.01 | 10.19 | 10.30 | 10.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.89 | 9.37 | 9.62 | 10.10 | 10.35 | 10.83 | 11.08 |
| Camarilla | 9.68 | 9.75 | 9.81 | 9.88 | 9.95 | 10.01 | 10.08 |
| Woodie | 8.79 | 9.31 | 9.52 | 10.04 | 10.25 | 10.77 | 10.98 |
| Fibonacci | 9.37 | 9.65 | 9.82 | 10.10 | 10.38 | 10.55 | 10.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.56 | 8.74 | 10.00 | 12.18 | 13.44 | 15.62 | 16.88 |
| Camarilla | 10.32 | 10.64 | 10.96 | 11.27 | 11.59 | 11.90 | 12.22 |
| Woodie | 6.11 | 8.51 | 9.55 | 11.95 | 12.99 | 15.39 | 16.43 |
| Fibonacci | 8.74 | 10.05 | 10.86 | 12.18 | 13.49 | 14.30 | 15.62 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.03 | |
| MACD (12,26,9): | -0.4700 | |
| Directional Movement: | -11.74 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 10.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.46 | |
| Elder Ray (13): | -0.52 | |
| Super Trend (3,10): | 11.38 | |
| Zig ZAG (10): | 9.77 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 11.02 | |
| TEMA (21): | 9.79 | |
| Williams %R (14): | -95.47 | |
| Chande Momentum Oscillator (20): | -1.26 | |
| Repulse (5,40,3): | -5.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5000 | |
| Courbe Coppock: | 22.59 |
| MA7: | 10.04 | |
| MA20: | 10.76 | |
| MA50: | 11.39 | |
| MA100: | 11.74 | |
| MAexp7: | 10.10 | |
| MAexp20: | 10.64 | |
| MAexp50: | 11.21 | |
| MAexp100: | 11.96 | |
| Price / MA7: | -1.79% | |
| Price / MA20: | -8.36% | |
| Price / MA50: | -13.43% | |
| Price / MA100: | -16.01% | |
| Price / MAexp7: | -2.38% | |
| Price / MAexp20: | -7.33% | |
| Price / MAexp50: | -12.04% | |
| Price / MAexp100: | -17.56% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The latest news and videos published on INTEST CORP. at the time of the analysis were as follows:
- inTEST to Restate Third Quarter and First Nine Months 2023 Financial Statements
- inTEST Reports Record Revenue of $32.6 Million for the 2023 Second Quarter with Net Earnings Growth of 32% Year-over-Year
- inTEST Announces Second Quarter 2023 Financial Results Conference Call and Webcast on August 4
- inTEST Corporation Induction Heating Technology by Ambrell® Selected for Environmentally Preferred Approach for Preheating Application
- inTEST Corporation Set to Join Russell 2000® and 3000® Indexes
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis INTEST CORP. - Daily